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Aquanow Unveils the AQN Digital Ventures Fund for Nextgen Blockchain Startups

Launch Release | Sep 25, 2023

AQN Digital - Aquanow Unveils the AQN Digital Ventures Fund for Nextgen Blockchain Startups

Canadian digital assets infrastructure provider, Aquanow, unveils its latest venture: the AQN Digital Ventures Fund.

Aquanow Overview

  • Founded in 2018, headquartered in Canada with offices in Toronto and Vancouver.  Aimed at pioneering digital assets investment funds for Canadians in a transparent manner.  Team strength of over 100 professionals.
  • AQN Digital is a wholly owned subsidiary of Aquanow
  • CEO Phil Sham has a background in traditional finance, with roles at Connor, Clark & Lunn Financial Group and CIBC.
  • Regulatory Moves in 2022:
    • Registered AQN Asset Management, Ltd. with regulatory authorities in British Columbia and Ontario.
    • Aimed at pioneering digital assets investment funds for Canadians in a transparent manner.

The Fund

  • Already invested over $1 million in seven companies.  Notable investments include BoomFi and Mash.
  • Fund valuation stands at $13.4 million CAD ($10 million USD).  Comprises individuals and entities closely associated with Aquanow, including early investors and long-standing customers (especially ventures that align with Aquanow's core business of digital asset infrastructure and liquidity).
  • Targeting early-stage investments in blockchain technologies, payments, infrastructure, and compliance within the crypto domain.
  • Aims to invest between $100,000 and $500,000 per venture, and plans to make one to two additional investments monthly.

Michael Kwok:

See:  Canadian Government Publishes Report with 16 Recommendations: Calls for a National Blockchain Strategy to Support Adoption and Industry Growth

  • Emphasizes the importance of having a trusted partner like Aquanow in the crypto landscape.
  • Highlights the current phase of the crypto cycle where seasoned operators are launching businesses.
  • Backing founders with a strong vision in the crypto space.

NCFA Jan 2018 resize - Aquanow Unveils the AQN Digital Ventures Fund for Nextgen Blockchain StartupsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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